Robecosam AG decreased its stake in Tyson Foods, Inc. (NYSE:TSN) by 13.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 23,848 shares of the company’s stock after selling 3,800 shares during the period. Robecosam AG’s holdings in Tyson Foods were worth $1,945,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Tyson Foods by 4.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,919 shares of the company’s stock worth $1,122,000 after purchasing an additional 715 shares during the period. Amalgamated Bank boosted its holdings in shares of Tyson Foods by 2.4% in the 3rd quarter. Amalgamated Bank now owns 32,144 shares of the company’s stock worth $2,265,000 after purchasing an additional 750 shares during the period. Sumitomo Mitsui Financial Group Inc. boosted its holdings in shares of Tyson Foods by 7.2% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,255 shares of the company’s stock worth $793,000 after purchasing an additional 757 shares during the period. Comerica Bank boosted its holdings in shares of Tyson Foods by 1.1% in the 3rd quarter. Comerica Bank now owns 68,203 shares of the company’s stock worth $4,874,000 after purchasing an additional 759 shares during the period. Finally, ETRADE Capital Management LLC boosted its holdings in shares of Tyson Foods by 15.2% in the 3rd quarter. ETRADE Capital Management LLC now owns 5,892 shares of the company’s stock worth $415,000 after purchasing an additional 776 shares during the period. Hedge funds and other institutional investors own 71.37% of the company’s stock.
In other news, Director Jeffrey K. Schomburger bought 2,700 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $74.83 per share, for a total transaction of $202,041.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas P. Hayes sold 53,874 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $81.63, for a total value of $4,397,734.62. The disclosure for this sale can be found here. Insiders sold a total of 86,249 shares of company stock valued at $6,976,695 over the last quarter. Company insiders own 1.55% of the company’s stock.
TSN has been the subject of a number of recent research reports. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, November 15th. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Saturday, January 20th. KeyCorp reiterated a “buy” rating and issued a $88.00 target price on shares of Tyson Foods in a report on Thursday, December 21st. Finally, Piper Jaffray Companies set a $92.00 target price on Tyson Foods and gave the stock a “buy” rating in a report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $76.87.
Tyson Foods, Inc. (NYSE:TSN) opened at $75.62 on Wednesday. Tyson Foods, Inc. has a 1-year low of $57.20 and a 1-year high of $84.65. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $27,699.36, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.02 and a beta of 0.20.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the previous year, the business earned $1.59 EPS. Tyson Foods’s revenue was up 11.4% compared to the same quarter last year. equities analysts expect that Tyson Foods, Inc. will post 6.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, May 31st. Tyson Foods’s dividend payout ratio is 15.79%.
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About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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